Maybank to increase Base Rate and BLR

39 MaybankMaybank will revise upwards its Base Rate (BR) and Base Lending Rate (BLR) by 25 basis points effective 13 May 2022, following the announcement on May 11 on the Overnight Policy Rate (OPR) increase.

Maybank’s Base Rate (BR) will be higher from 1.75% p.a. to 2.00% p.a. while its Base Lending rate (BLR) will be revised from 5.40% p.a to 5.65% p.a. Similarly, the Islamic Base Rate and Base Financing Rate will be increased by 25 basis points from 1.75% p.a. to 2.00% p.a. and from 5.40% p.a to 5.65% p.a. respectively.

In line with the revision, Maybank and Maybank Islamic’s fixed deposit rates will also be adjusted upwards effective 13 May 2022.

The last revision in Maybank’s Base Rate was on 9 July 2020 when it was reduced from 2.00% p.a. to 1.75% p.a. following an OPR decrease by the same quantum.

Maybank News

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